MONTREAL, June 28,
2024 /CNW/ - Candu Energy Inc., an AtkinsRéalis
company [AtkinsRéalis Group Inc.] (TSX: ATRL), has signed a
framework agreement with Orlen-Synthos Green Energy (OSGE), and a
teaming agreement between OSGE, AtkinsRéalis, Aecon, and GE Hitachi
Nuclear Energy (GEH) to support the planned deployment of a fleet
of GEH's BWRX-300 small modular reactors (SMRs) in Poland.
"We are positioning ourselves as the partner of choice for
utilities worldwide on deploying nuclear power technology,"
commented Ian L. Edwards, President
and Chief Executive Officer, AtkinsRéalis. "As Poland undertakes a visionary modernization of
its power grid, moving away from coal and toward nuclear power via
both large and small reactors, we're thrilled to offer our
expertise to provide Poland with
clean, reliable, and safe electricity for generations."
A future mandate with OSGE would see AtkinsRéalis' Nuclear
market provide front end engineering and consulting services as
technical advisor to build a road map to deploy the BWRX-300 SMRs
at six different proposed sites in Poland. BWRX-300 SMR deployment in
Poland will leverage an
international and local supply chain backed up by nuclear talent
from Canada to deliver a project
with the highest standards in safety and quality.
Playing a Leading Role in SMR Deployment Worldwide
As the original equipment manufacturer of larger-output CANDU®
reactors, AtkinsRéalis possesses extensive nuclear new build
expertise for SMRs as well. In Canada, the company is architect engineer on
the G7's first grid-scale SMR at Ontario Power Generation's
Darlington site.1
Coming online by 2029, AtkinsRéalis is providing a diverse range of
expertise to deliver the SMR. This spans project management,
licensing, engineering, design, procurement, commissioning, and
supporting construction management. AtkinsRéalis is also working
with GEH to complete the standard plant design for the BWRX-300 SMR
technology.
"As outlined in our recent Investor Day, the services side of
our global Nuclear business which includes SMR builds will be an
important source of work and talent attraction for us in the
future," said Joe St. Julian,
President, Nuclear, AtkinsRéalis. "With global electricity demand
tripling by 20502, we see there being a market for 1,000
new nuclear reactors to be built. Alongside large reactors, SMRs
will make up a portion of those new builds to provide the quantum
of extra power needed. We will draw on our expertise from the
ongoing successful deployment of the BWRX-300 SMR in Canada at Darlington to repeat the outcome for
Poland. AtkinsRéalis looks forward
to continued partnership with GEH for further deployment of
BWRX-300 SMRs across the world."
OSGE is a joint venture between ORLEN, the largest multi-energy
company in Central Europe, and
Synthos Green Energy – a part of the largest privately owned
industrial group in Poland and the
exclusive partner of GEH to market and deploy BWRX-300 SMRs in
Poland. OSGE eventually plans to
expand its operations to more European jurisdictions. OSGE is
already working closely with Ontario Power Generation to scale up
their SMR expertise in preparation.3 Poland's energy regulators are also consulting
closely with the Canadian Nuclear Safety Commission, to prepare the
necessary regulatory and licencing framework in the country to
support nuclear power.4
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1 Ontario Power Generation
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2 McKinsey & Company
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3 Ontario Power Generation
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4 Canadian Nuclear Safety
Commission
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About AtkinsRéalis
Created by the integration of long-standing organizations
dating back to 1911, AtkinsRéalis is a world-leading professional
services and project management company dedicated to engineering a
better future for our planet and its people. We create sustainable
solutions that connect people, data and technology to transform the
world's infrastructure and energy systems. We deploy global
capabilities locally to our clients and deliver unique end-to-end
services across the whole life cycle of an asset including
consulting, advisory & environmental services, intelligent
networks & cybersecurity, design & engineering,
procurement, project & construction management, operations
& maintenance, decommissioning and capital. The breadth and
depth of our capabilities are delivered to clients in key strategic
sectors such as Engineering Services, Nuclear, Operations &
Maintenance and Capital. News and information are available at
www.atkinsrealis.com or follow us on
LinkedIn.
About
AtkinsRéalis' Nuclear Business
AtkinsRéalis has over 70 years of global nuclear expertise,
delivering nuclear technology products and full-service solutions
to nuclear utilities around the world. AtkinsRéalis is the steward
of CANDU® nuclear technology, operating on four continents, and
provides advisory and engineering services to other nuclear
developers. With an innovative technology portfolio, including
access to over 500 patented solutions, AtkinsRéalis solves
technically complex challenges across the whole nuclear lifecycle
from design and new build through asset management and from life
extension and late life management through decommissioning and
waste management. AtkinsRéalis operates and manages government
nuclear research sites, transforming ageing infrastructure and
safely managing legacy nuclear waste. AtkinsRéalis is also involved
in developing medical radioisotopes for cancer research through its
partnership with TerraPower. Learn more on our Nuclear
market page.
Forward-Looking Statements
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"AtkinsRéalis", "we", us" and "our" mean, as the context may
require, AtkinsRéalis Group Inc. or all or some
of its subsidiaries or joint arrangements or associates. Statements
made in this press release that describe the Company's expectations
or strategies constitute "forward-looking statements", which can be
identified by the use of the conditional or forward-looking
terminology such as "estimates", "expects", "forecasts", "intends",
"may", "objective", "plans", "projects", "should", "will",
"likely", or other variations thereon. Forward-looking statements
also include any other statements that do not refer to historical
facts. The Company cautions that, by their nature,
forward-looking statements involve risks and uncertainties, and
that its actual actions or results could differ materially from
those expressed or implied in such forward-looking statements.
Forward-looking statements are presented for the purpose of
assisting investors and others in understanding certain key
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expectations and plans, and in obtaining a better understanding of
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Readers are cautioned that such information may not be appropriate
for other purposes. Forward-looking statements made in this press
release are based on a number of assumptions believed by the
Company to be reasonable as at the date hereof. The assumptions are
set out throughout the Company's 2023 annual management disclosure
& analysis ("MD&A") (particularly in the sections entitled
"Critical Accounting Judgments and Key Sources of Estimation
Uncertainty" and "How We Analyze and Report our Results") filed
with the securities regulatory authorities in Canada, available on SEDAR+ at
www.sedarplus.com and on the Company's website
at www.atkinsrealis.com under the "Investors" section. If
these assumptions are inaccurate, the Company's actual results
could differ materially from those expressed or implied in such
forward-looking statements. In addition, important risk factors
could cause the Company's assumptions and estimates to be
inaccurate and actual results or events to differ materially from
those expressed in or implied by these forward-looking statements.
Those risks are identified in the Company's 2023 annual MD&A
(particularly in the sections entitled "Risk and Un
certainties"), as updated in the first quarter 2024
MD&A, are not exhaustive. The forward-looking
statements herein reflect the Company's expectations as at the date
of this press release and are subject to change after this date.
The Company does not undertake to update publicly or to revise any
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information, future events or otherwise, unless required by
applicable legislation or regulation. The
forward-looking information and statements contained herein are
expressly qualified in their entirety by this cautionary
statement.
SOURCE AtkinsRéalis